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Start Preamble
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correcting amendment.
SUMMARY:
This document contains corrections to TD 9118, which was published in the Federal Register on Thursday, March 18, 2004 (69 FR 12799), relating to certain aspects of the temporary regulations addressing the deductibility of losses recognized on dispositions of subsidiary stock by members of a consolidated group and to the consequences of treating subsidiary stock as worthless.
DATES:
This correction is effective on March 18, 2004.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Mark Weiss (202) 622-7790 or Lola Johnson (202) 622-7550 (not a toll-free number).
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
Background
The temporary regulations (TD 9118) that are the subject of this correction are under 1502 of the Internal Revenue Code.
Need for Correction
As published, TD 9118 contains errors that may prove to be misleading and are in need of clarification.
Start List of SubjectsList of Subjects in 26 CFR Part 1
- Income taxes
- Reporting and recordkeeping requirements
Correction of Publication
Start Amendment PartAccordingly, 26 CFR part 1 is corrected by making the following correcting amendments:
End Amendment Part Start PartPART 1—INCOME TAXES
End Part Start Amendment PartParagraph 1. The authority citation for part 1 continues to read in part as follows:
End Amendment Part[Corrected]Par. 2. Section 1.1502-35T(f)(1), the language “expired as of the day following the last” is removed and the language “expired as of the beginning of the day following the last” is added in its place.
End Amendment Part Start Amendment PartPar. 3. Section 1.1502-35T(f)(1), the language “shall be treated as expired as of the day” is removed and the language “shall be treated as expired as of the beginning of the day” is added in its place.
End Amendment Part Start SignatureLaNita Van Dyke,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 04-10223 Filed 5-5-04; 8:45 am]
BILLING CODE 4830-01-P
Document Information
- Effective Date:
- 3/18/2004
- Published:
- 05/06/2004
- Department:
- Internal Revenue Service
- Entry Type:
- Rule
- Action:
- Correcting amendment.
- Document Number:
- 04-10223
- Dates:
- This correction is effective on March 18, 2004.
- Pages:
- 25315-25315 (1 pages)
- Docket Numbers:
- TD 9118
- RINs:
- 1545-BC84
- Topics:
- Income taxes, Reporting and recordkeeping requirements
- PDF File:
- 04-10223.pdf
- CFR: (1)
- 26 CFR 1.1502-35T